TIL Limited has submitted a revised regulatory compliance statement regarding fund utilization for the fourth quarter and financial year ended 31st March, 2026. The filing, made pursuant to Regulation 32 of SEBI Listing Regulations, replaces the company's earlier submission dated 30th April, 2026 due to an inadvertent error. The statement addresses the utilization of proceeds from the conversion of 37,50,000 equity warrants into equity shares.

Fund Raising Details

The company raised Rs. 60 Crores through the conversion of 37,50,000 equity warrants, with the allotment date recorded as 28th January, 2026. This fund raising was conducted through warrants convertible into equity shares, representing a significant capital infusion for the company's growth initiatives.

Fund Utilization Breakdown

TIL Limited has allocated the raised funds across three primary objectives, with partial utilization reported as of the quarter ended 31st March, 2026:

Compliance and Oversight

The company's filing indicates that no monitoring agency was appointed for this fund raising exercise. Both the Audit Committee and auditors provided no additional comments regarding the fund utilization. The statement confirms there are no deviations or variations in respect of the utilization of proceeds as per the objects of the issue.

Regulatory Filing Details

The revised statement was filed on 2nd May, 2026 with both the National Stock Exchange of India Limited and BSE Limited, signed by Company Secretary Chandrani Chatterjee. The filing requests that the earlier submission dated 30th April, 2026 be ignored due to the inadvertent error.

TIL Limited's adherence to its stated fund utilization plan demonstrates disciplined capital deployment across its identified growth areas, working capital needs, and corporate requirements, with remaining capital expenditure funds to be utilized in a phased manner as planned.

Summary

TIL Limited filed revised statement on 2nd May 2026 confirming no deviations in Rs. 60 crore fund utilization from equity warrant conversion. Rs. 2,588 lakh utilized across capital expenditure, working capital, and corporate purposes; Rs. 3,412 lakh to be utilized in phased manner.

Sentiment

neutral

Reason for Update

Updated with revised filing showing partial fund utilization of Rs. 2,588 lakh and phased utilization plan for remaining Rs. 3,412 lakh

Snippet

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Article Title

TIL Limited Files Revised Fund Utilization Statement for Q4 FY26

Article Summary

TIL Limited submitted a revised regulatory compliance statement on 2nd May, 2026 replacing its earlier filing due to an inadvertent error. The company confirmed no deviations in the utilization of Rs. 60 Crores raised through conversion of 37,50,000 equity warrants allotted on 28th January, 2026. Out of the total allocation of Rs. 6,000 lakh, Rs. 2,588 lakh has been utilized across capital expenditure, working capital requirements, and general corporate purposes, with Rs. 3,412 lakh remaining to be utilized in phased manner for capital expenditure.

Sentiment

neutral

Reason

Updated with revised filing showing partial fund utilization of Rs. 2,588 lakh and phased utilization plan for remaining Rs. 3,412 lakh

TIL Global Private Limited has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing changes in its shareholding in TIL Limited following a rights issue transaction completed on April 14, 2026.

Shareholding Changes Through Rights Issue

The promoter entity's shareholding position underwent significant changes as a result of the rights issue allotment:

Despite acquiring additional shares through the rights issue, TIL Global's percentage shareholding decreased due to the overall expansion of TIL Limited's share capital.

Rights Issue Details and Capital Structure

TIL Limited conducted a rights issue of partly paid-up equity shares with specific terms:

The rights issue resulted in a substantial expansion of the company's equity base, with the share capital increasing from INR 70,35,20,560 to INR 79,42,08,760.

Post-Transaction Capital Structure

Following the rights issue completion, TIL Limited's capital structure comprises:

• Total equity shares: 7,94,20,876 shares of INR 10 face value each
• Fully paid-up shares: 7,03,52,056 shares
• Partly paid-up shares: 90,68,820 shares (paid-up to INR 7.50 per share)
• Total diluted share capital: INR 82,44,38,160 comprising 8,24,43,816 equity shares

Regulatory Compliance and Disclosure

The disclosure was made by Ayan Banerjee, Director of TIL Global Private Limited (DIN 07563764), from Kolkata on April 16, 2026. The filing confirms that TIL Global maintains its promoter status in TIL Limited, which is listed on both BSE Limited and National Stock Exchange of India Limited.

The transaction represents a strategic capital raising exercise by TIL Limited through the rights route, allowing existing shareholders to participate proportionally in the company's expanded equity base while maintaining the promoter's controlling interest despite the percentage dilution.